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Solana (SOL) 1D Technical Analysis - June 17, 2025

📊 Current Price: ~$150.51
🔍 Daily Trend: Bearish with volatility. SOL dropped from $158.56 to $148.95, closing at $150.51.

Key Levels
Support: $149-150 (critical for recovery)
Resistance: $158-159 (strong resistance, tough to break)

Technical Indicators

RSI (14): 67.62 (neutral, near overbought)

MACD: 9.92 (sell signal)

Moving Averages:

5-day ($174.78): Buy

20-day ($156.73): Buy

50-day ($139.89): Buy

200-day ($181.68): Sell

Williams %R: -22.16 (weak selling pressure)

Context

SOL is consolidating around $150. A recent
10% drop signals a correction, but support holds. News of a potential Solana ETF and new projects (Byreal DEX) could spark growth.

What to Watch?

Bullish Scenario: Breaking $158 could push prices toward $165-170.

Bearish Scenario: A drop below $149 may lead to $140.

📢 Conclusion: Mixed signals, but the $150 level holds. Watch $158 for a potential breakout!

#Solana #SOL #TechnicalAnalysis #Crypto

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